Shanghai International Airport (600009) Q2 2026 earnings summary

Executive summary

• Achieved revenue of RMB 6.50 billion in H1 2026, up 2.35% year-over-year, with net profit attributable to shareholders rising 16.46% to RMB 1.22 billion.

• Passenger throughput and cargo volume at both airports increased, with cargo showing double-digit growth.

• Maintained high operational safety and efficiency, with continued investment in digitalization and green initiatives.

Financial highlights

• Operating income: RMB 6.50 billion, up 2.35% year-over-year.

• Net profit attributable to shareholders: RMB 1.22 billion, up 16.46% year-over-year.

• Basic and diluted EPS: RMB 0.49, up 16.67% year-over-year.

• Cash flow from operations: RMB 2.27 billion, down 10.85% year-over-year.

• Gross margin improved, with cost increases mainly from labor and depreciation.

Outlook and guidance

• Focus on high-quality development, safety, and efficiency for the remainder of 2026.

• Plans to maintain a cash dividend payout ratio above 55% for the year.

• Continued investment in digital transformation, green energy, and cargo/logistics infrastructure.